This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Qualcomm's Mollenkopf Not Heading To Microsoft

Stocks in this article: QCOM MSFT F NOK

NEW YORK ( TheStreet) -- Qualcomm's (QCOM) COO Steve Mollenkopf name was the latest to be floated as one of the front-runners for the top Microsoft (MSFT)job. But, as it turns out, that was yesterday's news.

This morning Qualcomm announced Mr. Mollenkopf will its next CEO and President replacing Dr. Paul Jacobs in early March. Jacobs will remain as Executive Chairman of the Qualcomm board.

Mr. Mollenkopf has been with Qualcomm for nearly two decades. He lead the company's chipset business to its position as the top mobile chipset supplier as well as the top innovator in LTE technology. The official press release acknowledges Mollenkopf was responsible for Qualcomm's $3.1 billion acquisition of networking giant Atheros.

So now, Mollenkopf's quick removal leaves a number of big question marks about the current list of possible candidates to replace Steve Ballmer next year. Microsoft's three-person executive search committee (headed by co-founder Bill Gates) had promised a successor's name by the end of this year.

Alan Mullaly's name has constantly been at or near the top of the candidates list from the very beginning. He has repeatedly denied any intention to leave the top spot at   Ford  (F). Yet, there are new reports that members of the Ford board of directors are still not satisfied. Supposedly some members are pressuring Mullaly to finally put the rumors to rest - or not, if that's the case. Last year, Ford announced Mullaly had agreed to stay with the company through 2014.

Another front-runner is rumored to be Stephen Elop. He's the former Nokia (NOK), former Microsoft, former Macromedia, former Boston Chicken boss who is actually headed back to Microsoft as an Executive VP following the Nokia purchase deal. Although Elop is not currently the leading candidate, his name remains near the top of the list as the search committee continues its mission.

Other possible choice could include two internal candidates former Windows chief Steven Sinofsky and Satya Nadella, currently head of Microsoft's Cloud and Enterprise division. As for outsiders Mike Lawrence CEO of Computer Sciences (CSC) and Kevin Johnson former CEO of Juniper Networks (JNPR) have also been mentioned.

There is also a Website for speculators where anyone can vote for who you think should be the next Microsoft CEO. Some of the current choices are quite interesting.

This past August, Ballmer announced that he would retire from the Microsoft CEO post "within 12 months."

Written by Gary Krakow in New York.

To submit a news tip, send an email to

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs